Chapman is a leading authority in the area of municipal restructuring.

Since our founding, we have represented the gamut of capital markets participants — from issuers to underwriters, bondholders, lenders, credit enhancement providers, and trustees — structuring transactions to manage municipal insolvency risks and advising on workout, receivership, and chapter 9 matters should they arise. We have represented creditor committees in large municipal restructurings and have represented bondholders and trustees in chapter 9 cases.

Our thought-leading, precedent-setting work in this area has set Chapman apart from other firms in the municipal workout and bankruptcy practice, including Chapman’s go-to treatise, “Municipalities in Distress? How States and Investors Deal with Local Government Financial Emergencies” (2d ed. 2016). Chapman’s focus on finance provides an extensive depth of experience and understanding of the municipal securities marketplace and the particular needs of our clients.   




Representative Transactions

  • We have advised bondholders, trustees, and other creditors in various municipal restructurings across the United States, including in connection with the Commonwealth of Puerto Rico, the City of Detroit, and others.
  • Recent representative matters include trustees and bondholders in a number of high-profile chapter 9 bankruptcy cases, including the cases of Jefferson County, Alabama; Palm Drive Health Care District; San Bernardino, California; and Sierra Kings Health Care District.

We have always been focused on finance.

  • 1913
    TS Chapman partners with Henry Cutler to form Chapman and Cutler
  • 1st
    Chapman's first client in 1913 is still a client of the firm today
  • 22
    Diverse financial practices serving regional, national, and global clients
  • 6
    Offices across the country and in key US financial centers

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